Business Directories

Mystery over Samsung's missing TVs

Berlin, September 4, 2012

Two of Samsung Electronics' advanced OLED television sets have gone missing while on their way to the IFA consumer electronics fair in Berlin, the company said on Tuesday.

The organic-light-emitting diodes (OLED) TVs disappeared between August 21 and 28, a company spokesman said, adding there was no threat to its presence at the show as there were more such sets at Samsung's booth in Berlin.

An official complaint has been lodged with local police, a spokesman confirmed, but he added they didn't know where the TVs went missing or even if it was in Germany.

Samsung declined to comment on whether it believed the disappearance could be a case of industrial espionage, or on potential financial damages it could suffer from the loss of the technology.

Media reports had said it may have been a theft aimed at stealing the advanced TV technology, whose loss could cost the firm billions of dollars.

OLED systems are widely touted successors to liquid crystal displays (LCDs). They are used in smartphones such as Samsung's Galaxy Note because the displays are lighter, thinner and tougher than alternatives.

However, in larger applications such as TVs, they are currently too expensive for mass-market sale. At a rumoured price tag of $10,000, the 55-inch models from Samsung and LG would be 10 times the price of an equivalent LCD TV. - Reuters